Jumpstarter

Jumpstarter is a crowdfunding platform that aims to support entrepreneurs, businesses, and creatives to get their projects funded.

The platform operates as a non-profit organisation, which means that all fees and funds raised are used to maintain the website and support projects on the platform.

It was launched in 2013 and has since supported many successful campaigns. The platform is particularly beneficial to those who may have difficulty accessing funding through traditional methods, such as bank loans or investment capital. With a focus on supporting local initiatives and businesses, Jumpstarter has become an essential tool for entrepreneurs and creatives in South Africa.

How much does Jumstarter make per funded project?

Jumpstarter charges fees to for-profit, non-profit organisations, ISASA, or RSA Public School projects that are successfully funded.

For for-profit projects, Jumpstarter applies a 7% fee to the funds collected, while registered non-profit organizations are charged a 5% fee.

The same fee is also applicable to ISASA or RSA Public School projects that are successfully funded. Payments pledged exceeding R250 are refundable.

What happens once your campaign is live

Jumpstarter allows project creators to make changes to certain aspects of their campaign even after it has launched. Project owners can modify their project description, project video, and featured images, as well as add new rewards or edit existing ones that have not yet been claimed.

Additionally, they can update the FAQs section and their Jumpstarter profile bio to keep their audience informed and engaged.

However, some aspects of the campaign cannot be edited once it has gone live, including the funding goal, project deadline, Jumpstarter profile name, and rewards tiers that have already been selected by a backer.

Therefore, it is important for project owners to carefully plan and review their campaign before launching it to ensure that all information is accurate and up-to-date.

Jumpstarter operates as a crowdfunding platform for creative projects, where individuals and businesses can seek funding for their ideas from a community of backers.

Project creators have complete control over their campaigns and are responsible for building their project pages, setting funding goals, and creating donation rewards.

You also have the option to leverage Jumpstarter's free Google Ads grant to run a tailored Google Ad campaign for the lifetime of your crowdfunding project, which can be supplemented with a YouTube campaign if suitable video content is available.

If a project reaches its funding goal within the specified timeframe, you’re paid out, and the backers receive their rewards. It's worth noting that Jumpstarter's funding method is all-or-nothing, which means that if a project fails to reach its funding goal, no money changes hands, and the Project Creator receives no funding.

Why the all-or-nothing approach?

Jumpstarter has an all-or-nothing approach to funding because it's less risky for everyone involved.

If a project only receives partial funding, it becomes difficult to complete the project with the resources at hand, and backers may become disappointed. By setting a 100% funding goal, it ensures that the project is fully funded before the deadline expires.

This approach also allows project creators to test their concepts or conditionally sell their products without risk. If the project doesn't receive the support it needs, the creator is not compelled to follow through.

Additionally, the all-or-nothing approach motivates backers to spread the word about the project they support, which can help the project reach its funding goal within the allocated timeframe.

Here’s a summary of what Jumpstarter offer

• Crowdfunding platform: Jumpstarter provides a platform for individuals and businesses to raise funds from a large pool of people.
• Project management tools: Jumpstarter offers tools to help users manage their projects, including project timelines, task lists, and team collaboration features.
• Campaign promotion: Jumpstarter may offer promotional services to help campaign creators promote their projects and reach a wider audience.
• Payment processing: Jumpstarter may facilitate the processing of payments between campaign creators and their supporters.
• Customer support: Jumpstarter may provide customer support services to help users with any issues or questions they may have during the campaign process.
• Analytics and reporting: Jumpstarter may offer analytics and reporting tools to help campaign creators track their progress and optimize their campaigns for success.